callable bond definition
A bond that is callable by the issuer at a certain price. The price and other conditions are disclosed in the bond's indenture.
A bond that is callable by the issuer at a certain price. The price and other conditions are disclosed in the bond's indenture.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.